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the position to which it has attained, and of push-
ing its use still further, I am entirely in agreement
with Mr. D. H. Mackintosh and Mr. E. G. Hillier.
As the question is one which interests primar-
lly the Colony of Hongkong, I am forwarding a copy
of Your Lordship's despatch and of my present reply
to Sir Matthew Nathan for any observations which he
may see fit to lay before His Majesty's Government.
(Signed)
I have &c.,
Ernest Satow.
My dear Sir Ernest;-
questions.
HONGKONG BANK,
TIENTSIN,
9th May, 1905.
Received 26th June, 1905.
I have much pleasure in replying to the
The British dollar was introduced by us
here some seven or eight years ago by a small shipment
of 10,000 dollars. It has enjoyed an untarnished
reputation since its arrival and has been and is a
most popular coin.
Counterfeit coins of British dol-
lars are rarely, if ever, to be heard of. In this
way their currency here is to the benefit of such
trade as le financed by means of the British dollar.
Owing to the large mumber of counterfeit
Mexicans in circulation they are unpopular and demand
great care in shroffing, which hampers business.
I think that the currency of British dol-
lars here adds to British prestige.
It
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